Zhuo Jin Holdings: the actual controlling shareholder and chairman of the board of directors received a judgment for violating information disclosure regulations.

Zhuojin Holdings announced that the actual controller and chairman Zhu Weilong and director Chen Fenglian received a "Criminal Judgment" from the Hangzhou Intermediate People's Court. Zhu Weilong was sentenced to one year imprisonment for the crime of illegally disclosing important information, with a suspended sentence of one year and a fine of 200,000 yuan; Chen Fenglian was sentenced to four months imprisonment, with a suspended sentence of four months and a fine of 20,000 yuan. Both individuals have resigned from their positions, and the verdict does not affect the normal business operations of the company, but the final outcome remains uncertain.